Freightcar America, Inc. (NASDAQ:RAIL - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.29 and traded as high as $8.93. Freightcar America shares last traded at $8.59, with a volume of 122,731 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on RAIL. Wall Street Zen lowered Freightcar America from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Northcoast Research initiated coverage on Freightcar America in a research note on Thursday, May 1st. They issued a "buy" rating and a $9.00 target price on the stock.
Check Out Our Latest Stock Analysis on Freightcar America
Freightcar America Stock Performance
The firm has a market capitalization of $170.60 million, a P/E ratio of -9.63 and a beta of 1.89. The stock's 50 day simple moving average is $7.56 and its 200 day simple moving average is $8.29.
Insiders Place Their Bets
In other Freightcar America news, insider Celia Perez sold 7,982 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $8.59, for a total value of $68,565.38. Following the completion of the sale, the insider directly owned 50,326 shares in the company, valued at approximately $432,300.34. This represents a 13.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.70% of the stock is currently owned by company insiders.
Institutional Trading of Freightcar America
Institutional investors and hedge funds have recently made changes to their positions in the company. Mechanics Financial Corp purchased a new position in Freightcar America during the 1st quarter valued at about $55,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Freightcar America during the first quarter valued at approximately $61,000. Globeflex Capital L P purchased a new position in Freightcar America during the fourth quarter valued at approximately $69,000. Quantbot Technologies LP raised its stake in Freightcar America by 80.8% in the fourth quarter. Quantbot Technologies LP now owns 8,128 shares of the transportation company's stock worth $73,000 after buying an additional 3,632 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in Freightcar America during the first quarter worth $74,000. 31.96% of the stock is currently owned by institutional investors.
About Freightcar America
(
Get Free Report)
FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.
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